If the demands are fulfilled without any revisions to other benefits, the hourly labor cost for automakers will more than double, representing a significant increase compared to the rates settled in the preceding four-year agreements. Considering the current scenario, let us understand where the ‘...
GM, which employs about 5,000 at its Oklahoma City assembly plant, also posted a $167 million charge for increases in retirement benefits for hourly employees represented by the UAW, and a $157 million loss on the sale of four Delphi parts plants in Michigan and Canada. 鈥...
Stellantis laid off thousands of salaried and hourly workers this year, including about 2,450 workers at a Michigan plant in August and 1,100 workers at an Ohio plant earlier this month. Ford Motor cut shifts at its F-150 Lightning electric pickup plant in Michigan, which ...
Additionally, the Company and union have discussed various solutions to address job security for all of our employees, including those in Belvidere. Beyond our significant economic offer, we also proposed a number of other enhanced benefits. If accepted, this record proposal would ...
About 55 percent of GM's hourly workforce endorsed the contract, according to figures published by the United Auto Workers, which had launched an unprecedented simultaneous stoppage of Detroit's "Big Three" in September. The roughly six-week stoppage drew the attention of President Biden, who str...
This has not proved to be a sustainable business model, as GM executives figured out some time ago and as the UAW in effect conceded last week. Thanks largely to the healthcare and retiree benefits, GM's hourly labor costs in the United States are about $75, compared with about $50 for...
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GM, UAW DISCUSS EARLY RETIREMENTS FOR HOURLY WORKERS
MARGARET HARDING
GM, UAW REPORTED DISCUSSING BUYOUTS, EARLY RETIREMENTS FOR HOURLY WORKERS